Business > World

Uber is set to reveal how badly the coronavirus hurt its business in the 2nd quarter. Here's what to expect from its pivot to food delivery

1 month ago   |   By Business Insider

Uber will report its second-quarter earnings on Thursday afternoon.
The company saw its core ride-hailing business hobbled by the coronavirus pandemic in the spring and going into summer, and said a worst-case scenario for the year could see requests sink up to 80%.
To make up the difference, Uber has aggressively invested in food delivery, including a deal to buy Postmates.
Visit Business Insider's homepage for more stories.
Uber on Wednesday will release its second-quarter financial data, revealing the full extent of the coronavirus' impact on the firm's business during the three-month...
Read more ...

 

'A long road ahead': Here's what 4 analysts expect when Uber reports quarterly earnings

'A long road ahead': Here's what 4 analysts expect when Uber reports quarterly earnings

1 month ago   |   By Business Insider

Uber is scheduled to report second-quarter figures on Thursday, revealing whether its surging Eats business can offset a slowdown in rideshare activity.
The company is also set to update investors on its July acquisition of food-delivery firm Postmates.
Analysts largely expect Uber Eats to double over the quarter, and the company's performance largely hinges on how well its rideshare unit held up through the prolonged pandemic.
Here's what four Wall Street analysts expect when Uber announces its quarterly figures.
Watch Uber trade live here .
Uber is set to announce second-quarter figures...
Read more ...

 


Search by Tags

   World      Food  


Amy Coney Barrett's expected nomination means a more conservative Supreme...

Amy Coney Barrett's expected nomination means a more conservative Supreme Court is primed to weaken or nix Roe v. Wade. Here are 18 abortion cases in the pipeline to the high court

Summary List Placement Roe v. Wade could soon be history. Much of it anyway, as Republicans eye the real possibility of a 6-3 conservative majority Supreme Court that could... Read more ...

The UK pledged more than $700 million to ensure a COVID-19 vaccine is...

The UK pledged more than $700 million to ensure a COVID-19 vaccine is distributed fairly across the world

Summary List Placement British Prime Minister Boris Johnson said the UK would pledge £571 million to ensure the COVID-19 vaccine would get distributed to the world's poorest... Read more ...

A Black fourth grader was suspended for having a BB gun visible in his...

A Black fourth grader was suspended for having a BB gun visible in his online class

Summary List Placement A Louisiana school suspended and nearly expelled a fourth-grader for unintentionally showing a BB gun during his virtual class. Ka Mauri Harrison, a... Read more ...

Rep. Richard Hudson competes against Patricia Timmons-Goodson in North...

Rep. Richard Hudson competes against Patricia Timmons-Goodson in North Carolina's 8th Congressional District

Summary List Placement Democrat Patricia Timmons-Goodson looks to unseat four-term Rep. Richard Hudson in North Carolina's 8th Congressional District. The candidates Hudson is... Read more ...

Virginia Gov. Ralph Northam and his wife test positive for coronavirus as...

Virginia Gov. Ralph Northam and his wife test positive for coronavirus as health officials warn against Trump's scheduled campaign rally

Summary List Placement Virginia Gov. Ralph Northam announced on Friday that he and his wife, Pamela, have tested positive for coronavirus, mere hours before President Donald... Read more ...

FBI arrests two ISIS sympathizers for plotting ‘Netflix worthy' attacks on...

FBI arrests two ISIS sympathizers for plotting ‘Netflix worthy' attacks on Trump Tower & Wall Street

The FBI arrested and charged two Americans for plotting “Netflix worthy” terrorist attacks on high-profile targets like Trump Tower and the New York Stock Exchange in the hopes... Read more ...

Pritzker administration warns of 20% income tax hike if graduated tax...

Pritzker administration warns of 20% income tax hike if graduated tax amendment doesn't pass

SPRINGFIELD, Ill. - State Republicans and Democrats are attacking each other over the graduated-rate tax amendment. Gov. JB Pritzker's officer said Thursday if voters don't... Read more ...

Trump's chief of staff goes after the FBI director for not echoing the...

Trump's chief of staff goes after the FBI director for not echoing the president's baseless claims on voter fraud

Summary List Placement White House chief of staff Mark Meadows on Friday attacked FBI Director Christopher Wray over his testimony to senators the day prior that threw cold... Read more ...

Apple is temporarily scrapping its controversial 30% App Store fee for...

Apple is temporarily scrapping its controversial 30% App Store fee for Facebook's new online events feature

Summary List Placement Little more than a month after Facebook called out Apple for collecting its App Store fee on a new feature aimed at helping small businesses, the iPhone... Read more ...

Currency markets are overestimating the risk of a delayed US election...

Currency markets are overestimating the risk of a delayed US election result, Goldman Sachs says

Summary List Placement Markets are overpricing the risks of a delayed election result, Goldman Sachs said in a note Thursday. Analysts Michael Cahill and Alec Phillips, said... Read more ...